Global Hydrogen-Powered Heavy Trucks Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Hydrogen-Powered Heavy Trucks market size was valued at US$ 2825 million in 2024 and is forecast to a readjusted size of USD 64220 million by 2031 with a CAGR of 56.9% during review period.

Hydrogen-powered heavy trucks are large-scale transport vehicles that use hydrogen fuel cells as their main power source, representing an important development direction for future green transportation. They generate electricity through the electrochemical reaction of hydrogen and oxygen in the fuel cell, drive the electric motor to work, and then propel the vehicle. Compared with traditional diesel trucks, hydrogen-powered heavy trucks have significant advantages such as zero emissions, low noise and high efficiency, and are particularly suitable for long-distance and heavy-duty cargo transportation. With technological advances and cost reductions, as well as the gradual improvement of hydrogen refueling station infrastructure, hydrogen-powered heavy trucks are gradually becoming an ideal choice in the heavy-duty transportation field, helping to achieve the sustainable development goals of the transportation industry, reduce carbon footprint and improve air quality.

Global hydrogen-powered heavy trucks key players include Toyota, Hyundai Motor Company, Hyzon Motors, Foshan Feichi Automobile and Zhengzhou Yutong, etc. Global top five manufacturers hold a share over 45%.

The largest market is North America, has a share over 32%, followed by APAC and Europe, with around 30% and 16% market share respectively.

In terms of product, Over 500 kilometers is the largest segment, with a share about 50%. And in terms of application, the largest application is Mineral Transportation, has a share about 30%, followed by City Construction, Intercity Logistics and Harbor Transportation.

Technological progress is a key factor driving its development. With the continuous improvement of hydrogen fuel cell technology and hydrogen storage technology, the performance and reliability of hydrogen-powered heavy trucks have been significantly improved. The application of new materials makes fuel cells more efficient, and the design of high-pressure hydrogen storage tanks increases the storage density of hydrogen and extends the vehicle's range. These technological advances not only improve the overall performance of the vehicle, but also reduce operating costs. With increasingly stringent requirements for environmental protection around the world, the zero-emission characteristics of hydrogen-powered heavy trucks make them an ideal choice to replace traditional diesel trucks. Especially in urban distribution and closed areas (such as ports and mines), hydrogen-powered heavy trucks can effectively reduce air pollution and noise pollution. The demand for efficient and low-carbon solutions in the long-distance transportation field also brings huge opportunities for hydrogen-powered heavy trucks.

This report is a detailed and comprehensive analysis for global Hydrogen-Powered Heavy Trucks market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Hydrogen-Powered Heavy Trucks market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen-Powered Heavy Trucks market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen-Powered Heavy Trucks market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen-Powered Heavy Trucks market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hydrogen-Powered Heavy Trucks

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hydrogen-Powered Heavy Trucks market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toyota, Hyundai Motor Company, Hyzon Motors, Foshan Feichi Automobile, Zhengzhou Yutong, Dongfeng Motor, Foton Motor, FAW Jiefang, Nanjing Golden Dragon, Xiamen King Long United Automotive, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrogen-Powered Heavy Trucks market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Semi-trailer Tractor Trucks
Mixer Trucks
Cranes
Others

Market segment by Application
Intercity Logistics
City Construction
Harbor Transportation
Mineral Transportation
Others

Major players covered
Toyota
Hyundai Motor Company
Hyzon Motors
Foshan Feichi Automobile
Zhengzhou Yutong
Dongfeng Motor
Foton Motor
FAW Jiefang
Nanjing Golden Dragon
Xiamen King Long United Automotive
SANY Group
King Long
Dayun Group
XCMG
Nikola Corporation
SAIC Hongyan
Shaanxi Automobile
Grove Hydrogen Energy Technology Group
Fujian Wisdom Motor
Jiangling Motors Corporation

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrogen-Powered Heavy Trucks product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrogen-Powered Heavy Trucks, with price, sales quantity, revenue, and global market share of Hydrogen-Powered Heavy Trucks from 2020 to 2025.

Chapter 3, the Hydrogen-Powered Heavy Trucks competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrogen-Powered Heavy Trucks breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Hydrogen-Powered Heavy Trucks market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen-Powered Heavy Trucks.

Chapter 14 and 15, to describe Hydrogen-Powered Heavy Trucks sales channel, distributors, customers, research findings and conclusion.